Dividends & Buybacks ·
NetClass Technology proposes 10-for-1 reverse share split effective November 20
NTCLNetClass Technology Inc
NetClass Technology Inc is seeking shareholder approval at an extraordinary general meeting on November 10, 2026, to consolidate its Class A and Class B ordinary shares at a ratio of ten-to-one. The consolidation would increase the par value from US$0.0125 to US$0.125 per share and reduce the total authorized share count from 800 million to 80 million. Fractional shares resulting from the transaction will be rounded up to the nearest whole share, with the change taking effect on November 20, 2026. The company is also proposing amendments to its memorandum and articles of association to reflect this structural change. NetClass Technology Inc operates in the technology sector.